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Bullboard - Stock Discussion Forum Crius Energy Trust Tr Unit CRIUF

"Crius Energy Trust through its subsidiaries is engaged in the sale of electricity and natural gas to residential and commercial customers under variable price and fixed-price contracts. The company, through its subsidiaries, also markets solar products to its existing customers as well as to new prospects. It provides retail electricity to its customers in the Connecticut, Delaware, District... see more

GREY:CRIUF - Post Discussion

Crius Energy Trust Tr Unit > Q1 Distribution
View:
Post by leafs13 on Feb 07, 2019 9:58am

Q1 Distribution

The press release says:

"In addition to the purchase price, Crius Energy unitholders will receive Crius Energy's previously-declared distribution for the first quarter of 2019 in the amount of C$0.209 per unit for total consideration in the amount of C$7.779 per unit." 

Is the record date for that distribution still 5/31/2019 or is it locked in only for unitholders at the time of the purchase announcement? 
Comment by campst on Feb 07, 2019 10:08am
Still way below my expectation, but thanks for poining that out.
Comment by dm27427 on Feb 07, 2019 10:59am
I don't think anything is "locked in." It is not explicit in the press release, but the deal is expected to close in Q2, so I am guessing that in order to qualify for the Q1 dividend to be paid June 15th, you will need to hold until at least May 31, the ExDiv date. If that is the case, you can hold for four more months to pick up the dividend plus the few cents between current market ...more  
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